Brokers with JPY accounts make managing your trading portfolio in Japanese Yen hassle-free. Due to Japan’s massive international economy, the Yen is the third most traded currency worldwide after the U.S. Dollar and Euro, making up 19% of the daily forex market turnover. This page will explain how JPY accounts work, including their benefits. We also list the best brokers with JPY accounts below.
Brokers With JPY Accounts
These are the 6 best brokers that offer accounts with JPY as the base currency:
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- Demo account
- Regulator: ASIC, VFSC, FSA
- Platforms: MT4, MT5, cTrader, TradingView, DupliTrade
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- Demo account
- Instruments: CFDs, Forex, Indices, Shares, Commodities
- Regulator: ASIC, CySEC, FSCA, FSC
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- Demo account
- Regulator: FMA, FSA
- Min. deposit: $0
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- Demo account
- Regulator: FCA, ASIC, FSCA, VFSC, CIMA
- Min. deposit: $50
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- Demo account
- Regulator: FCA, CySEC, FSCA, FSC
- Platforms: WebTrader, UM Social, UM App, MT4, MT5
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- Demo account
- Min. deposit: $0
- Min. trade: 0.01 Lots
Learn how we test brokers and why you can trust our ratings.
Here is a summary of why we recommend these brokers in October 2026:
- Fusion Markets 4.6/5 Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.
- FBS 4.3/5 Founded in 2009, FBS is an award-winning CFD broker operating in over 150 countries with a client base exceeding 27 million traders. Traders are supported at every stage of their journey with 24/7 assistance, market analytics, trading calculators, and competitive pricing with zero commissions.
- BlackBull 4.5/5 BlackBull is a New Zealand-based CFD broker providing diverse trading opportunities on over 2,180 instruments. After undergoing a rebrand in 2023, it now sports a modern look and feel complete with professional-grade trading tools and ultra-fast execution speeds averaging 20ms.
- Vantage 4.7/5 Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to millions of clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
- Ultima Markets 3.9/5 Ultima Markets is a forex and CFD broker, established in 2016. The firm is regulated by several financial bodies, including the CySEC. Users can trade 250+ CFDs spanning major asset classes, from currencies to stocks and commodities. As well as the industry-leading MetaTrader 4 platform, clients can use the Ultima Markets app and social trading service.
- IG 4.8/5 Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers a top-tier selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
Brokers With JPY Accounts Comparison
| Broker | Minimum Deposit | Instruments | Platforms |
|---|---|---|---|
| Fusion Markets | $0 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | MT4, MT5, cTrader, TradingView, DupliTrade |
| FBS | $5 | CFDs, Forex, Indices, Shares, Commodities | FBS App, MT4, MT5 |
| BlackBull | $0 | CFDs, Stocks, Indices, Commodities, Futures, Crypto | BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist |
| Vantage | $50 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds | ProTrader, MT4, MT5, TradingView, TradingCentral, DupliTrade |
| Ultima Markets | $50 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Pre-IPO | WebTrader, UM Social, UM App, MT4, MT5 |
| IG | $0 | CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only) | Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Fusion Markets | 9999 | ||||
| FBS | 10166 | ||||
| BlackBull | 3515 | ||||
| Vantage | 15581 | ||||
| Ultima Markets | 971 | ||||
| IG | 10135 |
Fusion Markets
Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero, industry-low commissions and recently TradingView integration. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC.
Jemma Grist, Reviewer
Fusion Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- ASIC, VFSC, FSA
- Platforms
- MT4, MT5, cTrader, TradingView, DupliTrade
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- Fusion Markets is set up to support algo traders with a sponsored VPS solution and a 25% discount if you opt for the NYC Servers VPS for MT4 or cTrader.
- Withdrawal processing times have been slashed to under an hour and can be processed 24/7, making it faster and easier for active traders to withdraw any gains.
- Fusion Markets continues to impress with its pricing that provides tight spreads with below-average commissions that will appeal to active day traders.
Cons
- There is no proprietary trading platform or app built with beginners in mind, a notable drawback compared to AvaTrade.
- Traders outside of Australia must sign up with weakly regulated global entities with limited safeguards, though in August 2026 they made negative balance protection available to all eligible accounts.
- Fusion Market trails alternatives, notably IG, in the education department with limited guides and live video sessions to upskill new traders.
FBS
FBS is an excellent choice for day traders at every level and budget, with just a $5 minimum deposit and intensive academy for aspiring traders alongside access to MT4 and MT5.
Christian Harris, Reviewer
FBS quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Indices, Shares, Commodities
- Regulator
- ASIC, CySEC, FSCA, FSC
- Platforms
- FBS App, MT4, MT5
- Minimum Deposit
- $5
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, AUD, JPY
Pros
- 24/7 customer support that performed excellently during testing is available, alongside a $5 minimum deposit, and a huge variety of 200+ funding options, making it ideal for traders with small accounts.
- The trading firm has picked up over 90 awards and amassed more than 27 million clients, making it one of the largest and most established brokers globally.
- FBS offers lightning-fast execution speeds from just 10 milliseconds, placing it among the industry leaders for highly active traders like scalpers who demand rapid order processing.
Cons
- Despite enhancing the selection of currency pairs, now providing over 70, FBS still trails industry leaders like BlackBull Markets in its market offering with a particularly narrow selection of commodities and indices.
- There are only four base currencies available - EUR, USD, AUD and JPY (region dependant) - which isn't practical for minimizing currency conversion fees for many global traders, and is especially striking given the broker’s user base spans over 150 nations.
- Although the FBS app offers a terrific mobile trading experience for aspiring traders and MT4/MT5 cater to advanced traders, the absence of cTrader and TradingView, which are increasingly offered by alternatives like Pepperstone, will deter day traders familiar with these platforms.
BlackBull
After improving its trading infrastructure with Equinix servers in London, reducing latency for traders, BlackBull is an obvious choice if you want to day trade stock CFDs with ECN pricing. With competitive spreads and no commission on a growing roster of digital tokens paired with USD, BlackBull also works for active crypto traders.
Christian Harris, Reviewer
BlackBull quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Stocks, Indices, Commodities, Futures, Crypto
- Regulator
- FMA, FSA
- Platforms
- BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, SGD
Pros
- BlackBulls’s research is superb, especially the daily ‘Trading Opportunities’ articles that break down complex market movements into easy-to-understand insights, making it simpler to capitalize on emerging trends.
- After partnering with ZuluTrade and Myfxbook, alongside improvements to its own CopyTrader, and finally enabling cTrader Copy, BlackBull offers one of the most comprehensive copy trading experiences we've seen.
- BlackBull offers every ingredient for day traders; fast execution speeds of <100ms and tight spreads from 0.0 pips.
Cons
- Although the Education Hub now features improvements like webinars and tutorials, the courses we’ve explored need more focus on explaining the wider economic factors influencing prices.
- Unlike most top brokers, BlackBull charges an irritating $5 withdrawal fee, which can detract from the overall cost-effectiveness, especially for active traders who frequently move funds.
- Despite a growing selection of 2,180+ assets, including additions to its Asia Pacific indices, they are mainly stocks with an average selection of currency pairs and indices.
Vantage
Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly.
Jemma Grist, Reviewer
Vantage quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds
- Regulator
- FCA, ASIC, FSCA, VFSC, CIMA
- Platforms
- ProTrader, MT4, MT5, TradingView, TradingCentral, DupliTrade
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN
Pros
- The broker has made efforts to expand its suite of CFDs providing further trading opportunities
- Vantage has bolstered its algorithmic trading tools for advanced traders with AutoFibo EA identifying reversal opportunities
- It’s quick and easy to open a live account – taking less than 5 minutes
Cons
- The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
- It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
- A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
Ultima Markets
Ultima Markets is best for beginners looking to speculate on popular financial markets on the reliable MetaTrader 4 or more recently the MetaTrader 5 platform. The minimum deposit is accessible at $50, there are no fees when you open and fund your account, and the addition of the Academy makes for a supportive learning environment.
Jemma Grist, Reviewer
Ultima Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Pre-IPO
- Regulator
- FCA, CySEC, FSCA, FSC
- Platforms
- WebTrader, UM Social, UM App, MT4, MT5
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, HKD, SGD
Pros
- Fast execution speeds averaging <20ms
- $50 minimum deposit with the Standard account
- Free deposits and withdrawals with multiple base currencies
Cons
- $20,000 minimum deposit required for the very best trading conditions
- Weak regulatory oversight through the offshore branch
- Slow sign-up process compared to rivals
IG
IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and robust trade execution for experienced day traders.
Christian Harris, Reviewer
IG quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only)
- Regulator
- CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA
- Platforms
- Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
Pros
- IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis.
- As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust.
- The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our 'Best Trading App' award.
Cons
- Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges.
- IG applies an inactivity fee of $12-$18 per month after 2 years, deterring casual investors.
- IG has discontinued its swap-free account, reducing its appeal to Islamic traders.
What Is A JPY Account?
A JPY account is an online trading account that uses the Japanese Yen as its base currency. This type of account holds many benefits for Japanese traders or traders from the Republic of the Union of Myanmar. The Yen is widely used as a reserve currency after USD, EUR and GBP, making it a stable currency and an attractive base currency for many traders.
Brokers with a JPY account allow users to trade on popular forex pairs such as the JPY/USD and JPY/EUR as well as cryptos and other assets without currency conversion fees.
Pros Of Brokers With JPY Accounts
Holding a JPY account provides several advantages:
- Easy access – Japanese traders will want to find an account that offers straightforward access to international markets and finding a broker with a JPY account make that trading process simpler.
- No conversion fees – Traders in Japan or holding JPY who are looking to access international markets may be frustrated by the currency conversion fees some platforms charge. Fortunately, most brokers that offer JPY accounts allow users to trade in Yen with zero conversion fees.
- Regulation – It is important for traders based in Japan to find a broker which is fully regulated by the Financial Services Agency (金融庁, Kin’yū-chō, FSA), which is responsible for overseeing banking, securities and exchanges, plus insurance sectors in Japan. All brokers with JPY accounts in Japan must be regulated by the FSA. Foreign cryptocurrency exchanges are also allowed to operate if they can prove an equivalent registration standard in their host country. This provides security and peace of mind to those trading in Japan or with the Yen.
- Deposits and withdrawals – An important part of finding the right broker in any country is the ease with which a user can make deposits or withdrawals. Brokers offering JPY accounts make it quick and easy to make deposits and withdrawals in Yen.
How To Check A Broker Offers A JPY Account
Not all brokerages allow users to open a trading account denominated in Japanese Yen. Check the accounts section on their website to see if they offer a JPY account. If this is not clear, get in touch with their customer service department. Most reputable brokers offer a 24/7 live chat or phone line which can point you in the right direction.
How To Compare Brokers With JPY Accounts
If you are interested in opening a JPY account but are unsure which broker to go for, we have compiled a list of things to look out for:
- Market access – Before opening an account, it’s helpful to know which markets you want to trade on. JPY is an extremely popular trading currency; however, different platforms will have different FX pairs that they believe will be most popular with their customers. Have a look at what markets you are interested in and check out the broker’s website to see if your desired product is available.
- Fees – Charges vary significantly between online brokers with JPY accounts. Depending on how often you trade and which assets you invest in, different price structures may suit your needs. Fees usually take the form of spreads and/or commissions. Different brokers may also have overnight holding fees and inactivity charges.
- Regulation – Trading can be risky, so finding a broker that is fully regulated and insured is important to help protect your capital. The Financial Services Agency (金融庁, Kin’yū-chō, FSA) is the body responsible for overseeing trading in Japan and the Republic of the Union of Myanmar. Be sure to find a broker with JPY accounts that are regulated by the FSA to help provide a secure trading experience.
- Rewards and bonuses – Many brokers with JPY accounts offer rewards for customers such as interest on deposits, loyalty schemes and referral programmes. Be wary of any scheme that seems too good to be true, as there could be hidden requirements.
- Mobile app – Trading can quickly become a full-time venture, especially if you’re interested in the crypto market, which is open 24/7. As a result, a high-quality, user-friendly mobile app can prove important. This will allow you to carry out trades with ease no matter where you are or what the time is.
- Demo account – Most platforms provide a demo account, loaded with virtual funds, which allow you to test out the features of an app before you invest any Yen. This is also a great way to refine your skills and reduce risk when it comes to real trades.
Taxes
If you are trading in Japan using brokers with JPY accounts, you may need to pay capital gains tax. A non-resident or non-permanent resident must only pay capital gains tax on income received in Japan, while a resident must pay capital gains tax on all income received, either in Japan or abroad. If you earn ¥200,000 or more from trading, these profits are considered miscellaneous income and are taxable. The basic rate of capital gains tax in Japan is 20%.
Consult a local tax advisor for clarity before you start trading.
Final Word On Brokers With JPY Accounts
With a high GDP, a solid industrial base, and some of the best-known companies in the world, Japan is an attractive location for investors. Furthermore, Japan currently has the most progressive regulatory system in the world for cryptocurrencies and is one of the only countries that recognises Bitcoin and other digital currencies as legal property under the Payment Services Act (PSA).
There are many Japanese and international brokers that accept JPY as the base currency. Make sure to carry out research and choose a broker which is best suited to your needs.
FAQ
Which Brokers Have A JPY Account?
Many brokers have a strong international presence, with several offices around the globe. Some reputable brokers who work in Japan include IG, Plus 500, Interactive Brokers, Saxo and Pepperstone.
Is Crypto Legal In Japan?
Yes, Japan has one of the world’s most progressive regulatory systems for cryptocurrency. Bitcoin and other digital currencies are recognised as legal property under the Payment Services Act (PSA).
How Do I Choose A Broker With A JPY Account?
When deciding between JPY brokers there are several factors to consider. These include market access, fees, regulation, rewards, platforms and mobile apps. Check out our list for our top picks.
Is Trading In Japan A Good Idea?
Japan has the world’s third-largest GDP, trailing the USA and China. It also has one of the biggest Bitcoin markets in the world. This coupled with a highly educated population, a strong industrial base, plus some of the biggest brands in the world means that Japan is an attractive location for traders from across the globe.
Do I Pay Taxes Trading In Japan?
If you earn ¥200,000 or more from trading, these profits are considered miscellaneous income and are therefore taxable. The basic rate of capital gains tax in Japan is 20%. In December 2017, the National Tax Agency ruled that gains on cryptocurrencies should also be considered miscellaneous income and taxed accordingly.